ORIGINAL: captinjohn
I think the AMA should just do the Magizine ect and mostly get out of the Insrance business. They for the most part get out of paying, because your home owners ends up paying. The AMA could have a special coverage for competition only... paid at the event itself. I see no reason the average RC flyer needs AMA. In fact it gives clubs a chance to say...YOU GOT TO HAVE AMA. Well you don,t. Make sure each flyer has a home policy add on statement. Usually home owners insurance will not cover if you compete. So...again...competitors.. pay as they go plan though the AMA, the ones that set rules for competive events. Thanks Capt,n
Are you for real? What happens to the minors in this deal? Are they left out in the cold? They don't have either renters or homeowners, and maybe living with grandparents with no real parents around. Your post is without any form of merit.
If the AMA furnished an umbrella policy where the member had NO other insurance, what do you think the premium would be? I'm betting on at least $600.00 for 2 million coverage. I pay almost such rate for umbrella coverage and I have 2 $300,000 HO liability policies. You be a bit uninformed, my good man!!!
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AMA '05 insurance summary:
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• Since 1999, AMA and its insurance company have paid out more than $4,000,000, mostly to settle injury claims. In addition, recent serious injury cases that are in litigation have “reserves” (estimates) for future payments in excess of $2,000,000.
So as you can see, the few serious and sometimes tragic injury accidents are the major source of claim payouts. Of the approximately 400 claims reported over the last several years, only 10 or 12 involve really serious injuries.
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Settlements of these serious cases many times exceed $500,000 each and in some cases that is after the homeowner’s insurer pays its policy limit.
• The most common cause of injury is “lost control of aircraft,” usually without any confirmed cause (vague allegations of frequency interference are common).
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If you wish to have some financial protection for your hobby-sport you better join AMA unless you are one of the very privileged. If you injure me you will need it. [>:]